1994 (7) TMI 1

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..... on of conversion to revenue expenditure does not arise - - - - - Dated:- 19-7-1994 - K. S. PARIPOORNAN., YOGESHWAR DAYAL. and N. VENKATACHALA. JUDGMENT These appeals were stated to be concluded by a decision of this court in Travancore Sugars and Chemicals Ltd. v. CIT [1966] 62 ITR 566. We gone through the judgment and on first impression it may appear to be so. But the problem in the ca .....

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..... core Sugars and Chemicals Ltd.'s case [1966] 62 ITR 566. There, this court at page 571 pointed out that : "On the contrary, the very nature of the payments excludes the idea that any connection with the capital sum was intended by the parties. " Therefore, the case of Travancore Sugars and Chemicals Ltd. [1966] 62 ITR 566 (SC) cannot assist us in arriving at a decision. Once the finding is giv .....

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